Bitcoin Mining: A New Economic Boom for Rural Texas

Over a century ago, the discovery of oil in East Texas sparked an energy boom that propelled the state into the modern age. Now, a new economic renaissance is on the horizon—a digital energy boom driven by Bitcoin. Rural communities stand to benefit the most, with Rockdale serving as a prime example.

Rockdale was once a manufacturing hub, home to the Alcoa aluminum plant. Opened in 1952, it became one of the world’s largest smelting facilities, providing significant tax revenue and jobs. However, in 2008, rising energy prices and new regulations forced the plant to shut down, leaving Rockdale with a massive economic void.

The closure of the Alcoa plant devastated Rockdale. Hundreds of jobs were lost, and many families moved away. The town lost millions in tax revenue, affecting schools, parks, and public works. It seemed like Rockdale’s best days were behind it.

However, the plant’s closure left behind a substantial energy infrastructure, including substations and transmission lines. This made Rockdale an ideal location for Bitcoin mining—a business that requires ample, affordable power.

Initially skeptical, Mayor John Roddam of Rockdale soon saw the benefits firsthand. He shared, "As both mayor and a lifelong resident of Rockdale, I learned that Bitcoin miners are deeply invested in the communities where they work. In Rockdale, these companies now employ hundreds of people. They’ve created mid-skill jobs, allowing locals to find well-paying employment without leaving town."

The impact of Bitcoin mining on Rockdale has been transformative. When Alcoa left, the economy and tax base halved. However, thanks to Bitcoin mining, Rockdale is now stronger than ever. Bitcoin mining companies have invested over $1 billion in Rockdale, becoming some of the largest taxpayers in Milam County and the local school district. Beyond tax revenue, these companies contribute to local causes, sponsor community events, and support local infrastructure.

Mayor Roddam emphasized, "Are these the actions of people who don’t care about rural Texas? No. Many employees are Rockdale natives, invested in their hometown’s future."

Rockdale’s success story contradicts some policymakers’ narratives at the state legislature. "Some policymakers—though well-intentioned—misunderstand Bitcoin’s positive impact. Some have suggested that Bitcoin miners create very few jobs, but my experience as mayor contradicts that," Roddam added.

Rockdale’s experience is not unique. Bitcoin mining is one of the fastest-growing industries in Texas, employing over 22,000 people across the state. Communities like Corsicana are set to see similar economic benefits. Riot Platforms is building a state-of-the-art facility in Corsicana, which will be one of Navarro County’s largest employers, potentially bringing $1.4 billion in taxable purchases and over $115 million in wages over the next decade.

Mayor Roddam concluded, "The same revitalization that gave Rockdale a second chance is now spreading to other rural communities. That’s why Texas leaders should recognize the benefits of Bitcoin mining. Bitcoin is like a digital oil well, poised to fuel the economic revival of rural Texas—if we allow it to grow."

Roddam is the mayor of Rockdale. He recently testified at the Texas Senate Business and Commerce hearing regarding Rockdale and Bitcoin mining.